Is Tesco a takeover target?

Seabee42

Minrich wrote: »

How much of Aldi and Lidls products are British ?
Do they support local farmers and growers ?
Where are their products from ?
Is the "Buy British" campaign still running or is it now " Buy cheapest " ?

I suggest you go and look because quite a lot is. Obviously its just as questionable about any supermarket after all packaged in Britain is all the label will actually show you.

sparkychris

Minrich wrote: »

They haven't changed hardly at all in a couple of weeks , so when did you actually buy them ?

On the 9th October for 187p

Down 11.05 per cent

Minrich

Seabee42 wrote: »

I suggest you go and look because quite a lot is. Obviously its just as questionable about any supermarket after all packaged in Britain is all the label will actually show you.

I don't go shopping .

Glen_Clark

bowlhead99 wrote: »

the final bottom line profit is £6m .
.

did you forget to deduct the ongoing payoffs to Philip Clarke & Sir Richard Broadbent?

davide691

Tesco has a pension deficit of £3.4b and growing, which works out at around a quarter of the group's market value. So that may be another reason why it’s hard to see anyone sensible wanting to take it over

Eco_Miser

Glen_Clark wrote: »

Local Nimbys make me laugh when they say we don't want another supermarket. Customers vote with their feet and if they didn't vote for Tesco they wouldn't go there.
Its like saying we don't need another housing estate. If that were true nobody would live there when its built.

I must live in an atypical place.
Tesco recently built a store on a greenfield site, despite many people saying it wasn't needed. On the few occasions I've gone there there's been lots of space and few customers. I've heard many others say the same.

Similarly, a new housing estate was opened a few years back, there's still lots of unsold houses, and the building has stopped until demand picks up.

So perhaps neither were actually needed.

Glen_Clark

Eco_Miser wrote: »

Similarly, a new housing estate was opened a few years back, there's still lots of unsold houses, and the building has stopped until demand picks up.
.

stopped until prices rise I expect because property is seen as a safer investment than productive manufacturing. My brother in law has a successful electronics manufacturing factory he wants to sell and retire. But as long as unproductive buy to let is seen as a safer investment than productive manufacturing nobody will buy it. So it will probably have to close

lejog2003

Glen_Clark wrote: »

Local Nimbys make me laugh when they say we don't want another supermarket. Customers vote with their feet and if they didn't vote for Tesco they wouldn't go there.
Its like saying we don't need another housing estate. If that were true nobody would live there when its built.

I don't suppose that in most areas that a majority of people go to Tesco. Its quite possible that a majority of people would oppose a new Tesco.

In my local town Sainsburys have had planning permission turned down for a "Local" store because of traffic problems caused by deliveries. There were over twice the number of "nimby" protestors to the number of customers planned by Sainsburys.

I've stopped using Sainsburys because of their arrogance in ignoring local opinion.

kangoora

My local Tesco is always jam packed. Mind you, they haven't got much competition being the only decent sized supermarket in a 15 mile radius We've got an Aldi and a Lidl but they are both 3 aisle mini-supermarkets.

I would bet assessing each stores revenue and profitability will be pretty high on the new boss's radar. Expect to see a few store closures I would think over the next year.

I wouldn't be surprised if they stop opening 24 hours either, certainly on some stores - how many people go shopping at 2am in the morning? I think we've only shopped once past 11pm since they started and that was returning late from a holiday and I can count on the fingers of 1 hand how many times we've shopped past 9pm.

Glen_Clark

lejog2003 wrote: »

There were over twice the number of "nimby" protestors to the number of customers planned by Sainsburys.

can you post a link to where you got that 'information'?